Small Business Expo Releases "2021 State Of Small Business Trends Report"
NEW YORK, May 3, 2021 /PRNewswire/ -- Just in time for National Small Business Week, The Small Business Expo, America's largest business networking and educational event for business owners, start-ups, and entrepreneurs, has released its 2021 State of Small Business Trends Report.
According to Zachary Lezberg, CEO and Founder, Small Business Expo, "There are 30.2 million small businesses in the US according to the Small Business Administration. This means 99.9% of all businesses are, in fact, small businesses. Yet the struggles, concerns, and issues facing small business in America are rarely talked about. With access to over a million small business owners, we wanted to take a pulse of how they are feeling post COVID, determine their outlook on the future, and other key factors which impact doing business circa 2021."
Through our biannual survey implemented by the Small Business Expo, small business owners weighed in on everything from governmental regulation of small business to their opinions on the minimum wage increase, employee diversity, and work from home policies going forward.
When talking post-COVID recovery, it was interesting to note 19% of respondents have already seen their business return to pre-COVID revenue, while 5% said they never see their business recapturing where they were before the pandemic struck. A full 68%, however, have an optimistic outlook for business over the next 12 months. In terms of ranking motivators for being a small business owner, 36% of our audience placed the most importance on being their own boss, 27% do it for the money, 28% have a passion for what they are doing; and 25% do it in order to do good for the community.
Some of the key findings of the report are summarized below. Note, not all responses are accounted for below, but are listed in detail in the report:
To learn more about Small Business Expo, visit TheSmallBusinessExpo.com.
About Small Business Expo
Founded in 2008, SBE is America's biggest business-to-business trade show, conference and networking event which targets companies with under 500 employees. SBE helps small business owners and other entrepreneurs take their businesses and ideas to the next level, offering quality free content and providing a thriving venue for some of the most exciting business theories and innovations. Learn more at: www.TheSmallBusinessExpo.com.
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SOURCE Small Business Expo
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